CGN Advisors LLC Sells 2,039 Shares of Capital One Financial Co. (NYSE:COF)

CGN Advisors LLC lowered its position in Capital One Financial Co. (NYSE:COF) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,335 shares of the financial services provider’s stock after selling 2,039 shares during the period. CGN Advisors LLC’s holdings in Capital One Financial were worth $2,556,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in COF. FMR LLC lifted its stake in Capital One Financial by 21.4% in the third quarter. FMR LLC now owns 6,640,951 shares of the financial services provider’s stock valued at $994,350,000 after buying an additional 1,169,395 shares in the last quarter. Eminence Capital LP bought a new stake in Capital One Financial during the second quarter worth $127,465,000. International Assets Investment Management LLC bought a new position in Capital One Financial during the fourth quarter worth about $130,683,000. Wellington Management Group LLP increased its holdings in shares of Capital One Financial by 268.7% during the 3rd quarter. Wellington Management Group LLP now owns 975,439 shares of the financial services provider’s stock worth $146,052,000 after acquiring an additional 710,881 shares during the last quarter. Finally, Southpoint Capital Advisors LP acquired a new stake in shares of Capital One Financial during the 3rd quarter worth about $104,811,000. Institutional investors and hedge funds own 89.84% of the company’s stock.

Capital One Financial Stock Up 1.4 %

Shares of NYSE:COF opened at $191.16 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.00 and a current ratio of 1.00. Capital One Financial Co. has a 52-week low of $123.23 and a 52-week high of $198.30. The company has a market capitalization of $72.88 billion, a PE ratio of 18.05, a price-to-earnings-growth ratio of 1.12 and a beta of 1.46. The company has a fifty day moving average of $183.71 and a 200-day moving average of $159.96.

Capital One Financial (NYSE:COF) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $4.51 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.81. The company had revenue of $10 billion for the quarter, compared to analysts’ expectations of $9.88 billion. Capital One Financial had a return on equity of 9.00% and a net margin of 8.80%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $4.45 earnings per share. On average, equities analysts predict that Capital One Financial Co. will post 13.41 EPS for the current fiscal year.

Capital One Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, November 14th were given a $0.60 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.26%. Capital One Financial’s dividend payout ratio (DPR) is currently 22.66%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on COF shares. Barclays raised Capital One Financial from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $158.00 to $219.00 in a report on Monday, January 6th. Evercore ISI boosted their price target on Capital One Financial from $163.00 to $184.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. UBS Group upgraded Capital One Financial from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $168.00 to $235.00 in a research note on Monday, January 13th. Royal Bank of Canada upped their target price on Capital One Financial from $150.00 to $160.00 and gave the company a “sector perform” rating in a research report on Friday, October 25th. Finally, JPMorgan Chase & Co. raised their price target on Capital One Financial from $162.00 to $186.00 and gave the stock a “neutral” rating in a research report on Monday, December 9th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Capital One Financial presently has a consensus rating of “Hold” and a consensus price target of $188.06.

Insider Activity

In other news, insider Michael Zamsky sold 10,541 shares of Capital One Financial stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $190.26, for a total value of $2,005,530.66. Following the completion of the transaction, the insider now directly owns 26,482 shares of the company’s stock, valued at approximately $5,038,465.32. This trade represents a 28.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Kara West sold 721 shares of Capital One Financial stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $184.73, for a total value of $133,190.33. Following the completion of the sale, the insider now owns 12,929 shares of the company’s stock, valued at approximately $2,388,374.17. The trade was a 5.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,256 shares of company stock valued at $2,462,487. 1.30% of the stock is currently owned by insiders.

Capital One Financial Profile

Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.